Mortgage at Sberbank: what documents will be required?

Who is eligible for a rural mortgage?

Citizens of the Russian Federation living in the country have the right to apply for a state loan. The marital status, social status and current place of residence of the applicant for a “rural” state loan are not important.

The acceptable age of the borrower is 21-75 years. Those. if the person applying for a rural mortgage is, for example, 60 years old, the bank will be able to provide him with a government loan with a fifteen-year repayment period, no longer.

Citizens have the right to apply for a real preferential mortgage once. Those. The borrower and his co-borrowers are granted a loan under the Rural Mortgage state program only once.

The status of co-borrower for the borrower's spouse is mandatory (a possible exception is the presence of a marriage contract). The permissible number of co-borrowers, including those who are not relatives of the borrower, is up to 3 people.

Please note: if the borrower is overdue for payment on a rural mortgage for more than 90 days in six months, the preferential lending terms will be canceled and the bank will change the mortgage to standard terms (rate 11.5%).

Mortgage for finished housing

The loan is provided only in national currency. The minimum amount is 300 thousand rubles . The maximum limit is 80% of the assessed value of the property. If the loan is provided under the “Young Family” program, the down payment can be reduced to 15% . Maternity capital can be used to pay the down payment.

The contract can be issued for 360 months .

The interest rate ranges from 14 to 15% per annum. Its size depends on two criteria: the loan amount and the loan term.

For salary card holders, the interest rate is reduced by 0.5% per annum .

If the client refuses to take out a personal insurance policy, the rate increases by 1% per annum.

Property insurance is required for the entire loan term.

A client who meets the following requirements can apply for a mortgage for a finished home:

• age range 21-75 years ;
• total experience – from one year.

To obtain the maximum loan amount, it is possible to attract up to three co-borrowers.

During the entire repayment period, the acquired property is under the custody of the bank.

What kind of housing is suitable for a rural mortgage?

It is allowed to spend a preferential mortgage on the purchase of one residential property (apartment, town house, residential building) with a land plot under the DKP or DDU, or a land plot for individual housing construction in rural areas where settlements (less than 30 thousand inhabitants) are included in the local " Comprehensive Development Program."

The exact list of villages included in the comprehensive development program for your region can be found out from the regional (regional) authorities.

Settlements of the Moscow region and intra-city municipalities of St. Petersburg do not participate in the “rural” state program.

Amounts of preferential loans for rural mortgages

The range of credited funds can be from 0.1 to 3 million rubles. (5 million for the Leningrad region and the Far East).

Initial contribution 10% and above. If you refuse or are unable to provide proof of employment and income, an initial payment of 50% will be required.

It is not possible to use an approved rural mortgage government loan for a down payment. However, it is permissible to make a full or partial contribution using family subsidies (maternity capital).

Mortgages for rural settlements are offered at an annual rate of 2.7% (condition - life insurance), or at 3% (without life insurance).

Mortgage for the purchase of country real estate

The loan is provided for the following purposes:

• purchase of land;
• purchasing a country house;
• construction of suburban real estate;
• Advance payment – ​​from 30%;
• Interest rate – 14-14.75% per annum.

The programs discussed above have a number of significant advantages:

1. Low interest rates;
2. Possibility of using maternity capital to pay the down payment;
3. Preferential lending conditions for participants in salary projects;
4. No commission for issuing a loan;
5. Possibility of attracting income from co-borrowers;
6. Individual approach to each client.

But it also has its drawbacks.

First of all , it takes a long time to make a decision – up to 10 days. Secondly , mortgage repayment is carried out only according to the annuity schedule. It is more expensive than the classic scheme. Thirdly , if the client does not take out a personal insurance policy, then the interest rate increases significantly.

Documents for obtaining a rural mortgage

The set of documents submitted to the bank by the applicant for a preferential loan, in addition to the application (application formats vary from bank to bank), includes:

• Civil passport
  of the Russian Federation (2 copies). Show the original in the credit department, attach copies to the application. Registration in the passport is required (or a temporary registration document);
• military ID
  (2 copies).
  Required for male applicants under 27 years of age. For those who have not served in the army, a registration certificate is required ***
  ;
• confirmation of marital status
  (copies). Marriage certificate, children's birth certificates (if there are children);
• SNILS
  (copy). Original plastic card (issued before 2019) or paper form. If the original card is lost, a copy, photo or scan is sufficient. In the absence of SNILS, you will need to register it before contacting the bank (application to the Pension Fund of the Russian Federation will take 3 weeks).

***

Banks may also require the original and copies of a second identification document. This could be a driver's license, international passport, military personnel ID or federal government employee ID.

The application form must be filled out at the bank's credit department. In addition to the applicant for a “rural” state loan, the application must be completed by his co-borrowers (if any).

Documents confirming income

(in addition to the application form):

• certificate 2-NDFL
  .
  Issued by the employer at the request of the employee. An individual entrepreneur (individual), instead of a certificate of income, must provide the bank with a 3-NDFL declaration. The bank requires information about the applicant’s income for the past 12 months as of the date of application ***
  ;
• work book
  (copy or extract). It is also possible to provide a certificate from the employer, which reflects information about the applicant’s position and length of service (work experience).

***

If it is impossible to submit a 2-NDFL certificate, the citizen applying for a loan must prepare it in the form approved by this bank. Financial institutions have different requirements for the content of the certificate. For example, Sberbank will not accept a certificate prepared according to the Rosselkhozbank format.

Mortgage conditions for a private house

Banks issue mortgages on private real estate for a period of 5 to 25 years. Most of them require a down payment of 10%-30% of the cost of the purchased home. However, sometimes you can get a mortgage without it.

Military personnel and young families can take advantage of preferential lending conditions - many banks have developed separate mortgage products for them. There is no fixed interest rate. Each bank sets its own conditions. But the interest rate is 2-3% higher than in standard programs.

You can compare information from several banks using the table below. However, you should check the relevance of each offer directly with the bank branch.

Mortgage conditions for a private house in different banks.

Real estate requirements

If you want to buy a ready-made private house, it must meet a number of requirements. The main one is liquidity. The bank realistically assesses the possibility of quickly selling a house if unforeseen situations arise.

• The foundation and load-bearing walls must be made of concrete blocks or bricks. The house itself can be frame, concrete, wood, gas or foam concrete. However, you are more likely to get a mortgage on a brick or concrete house than on a wooden building.
• Objects in disrepair, those preparing for demolition, or those with a degree of wear of more than 60% are not suitable.
• The Bank does not consider real estate encumbered by the rights of third parties.
• Architectural monuments will not be considered.
• Some institutions require that the building be located in the region where the mortgage is issued.

A mandatory real estate appraisal is required. The bank will use the resulting figure as a basis when determining the credit limit. The distance of a private house from the city, roads, infrastructure, the status of the land plot (village or city), and the availability of communications will be taken into account.

Requirements for the borrower

They do not differ from the requirements put forward by banks when applying for a standard mortgage. This takes into account not only solvency, but also the presence of other property owned by the client - real estate, car.

• The client's age must be 21-65 years. In some banks, the upper limit for women is 55 years old, for men – 60 years old.
• Russian citizenship is required. Sometimes registration in the region in which the loan is issued and the house is purchased is also required.
• Good credit history.
• Employment at the last place of work for at least six months, total experience - more than 1 year.
• Confirmation of permanent income with a certificate in the form of a bank or 2 personal income tax.

Required documents

To apply for a mortgage, you will need to bring to the bank documents confirming the client’s solvency, as well as those related to the property being purchased. Among them: cadastral plan and passport, ownership documents, technical passport, original extract from the Unified State Register, pension certificate, Taxpayer Identification Number (TIN), assessment of the property by an independent expert, certificate of income, account statement confirming the availability of funds for the down payment.

How long does it take to check an application for a rural mortgage?

The longest verification period is 20 working days. The documents submitted by the state loan applicant are reviewed first by the bank service - the manager studies the credit history and calls the applicant’s employer.

The second set of documents is sent by the bank to the Ministry of Agriculture, where the potential borrower is also checked.

When a mortgage application is approved, its processing by the bank begins immediately. A positive decision on applying for a rural mortgage is valid for exactly 60 days (calendar).

What to do if the bank refuses a mortgage loan

The reason for the refusal will not be explained by the bank's credit service - this is the policy of financial institutions. They have about 20 parameters for assessing the solvency of borrowers and co-borrowers, which determine the decision on a mortgage application. The system itself for assessing potential borrowers is a banking trade secret and is not disclosed.

The refusal is always issued in writing, it indicates the period for an acceptable re-application for a loan (usually after 1.5-2 months). Note that most often the reason for refusal is an incomplete or incorrectly completed package of documents for a loan. To minimize the likelihood of refusal, contact the realtors of our association to prepare your application.

Important

: if the mortgage was approved, but you changed your job, or took out another loan (loans) or credit cards, then from the position of the mortgage bank your solvency will worsen. And then the bank will refuse the loan, although it had previously approved it. Note that the condition of maintaining solvency applies to both the borrower and co-borrowers.

Recommendations for preparing documents for a Sberbank mortgage loan

When applying for a mortgage loan, it is important to consider the sequence of provision of papers and the validity period of some documents.

For the initial consideration of the application, Sberbank requires only the borrower’s personal documents: a passport and confirmation of work activity and income. If the request is approved, then the borrower is given 90 days to provide the department with documents on the purchased property and a certificate of availability of money for the down payment.

Some papers have a limited validity period:

• income certificate is valid for 30 days;
• extract from the Unified State Register of Real Estate – 30 days;
• The real estate valuation report is valid for 6 months.

It is better to start preparing for a mortgage by collecting documents that do not have an expiration date. Otherwise, the validity period of the certificates may expire while the borrower collects the remaining documents.

Choosing a property for a mortgage

Bank approval is not enough, since the loan is targeted and is given strictly for rural mortgages. This means that the borrower must choose housing in a rural agglomeration - rural settlements, workers' settlements, urban settlements or towns with a population of less than 30 thousand people (the latter must be included in the regional development program). The suitability of the locality for a rural mortgage must be clarified with the bank.

Let us remind you once again that the Moscow region and Moscow, as well as St. Petersburg, do not participate in rural state mortgages.

Important

: dilapidated housing, or with faulty communications or basic life support systems (sewage, water supply, heating, electricity, gas supply), the bank will refuse to lend. For more details on the “banking” criteria for a country house mortgage, see here.

Also, the state loan cannot be spent on real estate whose living space does not correspond (less) to the accounting standard per tenant. The minimum footage of residential “registration” in populated areas of the Russian Federation is different and is regulated by municipalities.

Stages of obtaining a mortgage: how a mortgage transaction works from scratch

Welcome! At first glance, a mortgage is a rather complicated process. In this post, we will tell you about the stages of applying for a mortgage so that you have a clear picture of the entire transaction. Step-by-step instructions for buying an apartment with a mortgage will help you understand what needs to be done at each stage and what you need to pay special attention to.

General points

So, a mortgage from scratch. Let's start looking into this issue.

Recently, more and more Russians are deciding to purchase a home using a mortgage loan. This scheme has its advantages: you do not need to borrow money from family and friends, you immediately register ownership of the apartment, and you can pay off the loan in accordance with your needs.

Unlike a consumer loan, where the collateral is a guarantee from an individual or is completely absent, in mortgage lending the collateral is the real estate that the bank client buys.

This means that an encumbrance is placed on the apartment (without the consent of the bank - the creditor it will be impossible to sell, donate, re-register square meters), but you can live in it, make repairs, etc.

Once the obligations are repaid, the encumbrance is removed.

Since in most cases an individual does not have enough own funds, mortgage loans are characterized by a significant loan amount (from 300,000 rubles to several million) and a long loan term (up to 30 years).

When applying for a mortgage loan, you can choose a debt repayment scheme: annuity payments or differentiated payments. In the first case, payments are always the same size, interest is distributed over the entire loan period.

With differentiated payments, the amounts decrease: at first, the contributions are maximum, then they gradually decrease, and interest is charged on the balance.

Which type of payment is more profitable? With differentiated payments, especially with a maximum term, the amount of overpayment will be less, but the income of the borrower (or family) should be higher.

You can learn more about what a home mortgage is from our previous post.

Let's begin to understand how a mortgage is issued step by step.

Step-by-step instruction

In general, we can highlight the main stages of a mortgage transaction :

• searching for a lender (determining the amount and conditions for issuing funds, approving the application),
• selection of housing options, approval of the application at the bank,
• signing a loan agreement and a purchase and sale agreement,
• registration of the transaction, registration of housing ownership.

Applying for a mortgage is a responsible matter. If knowledge and time are not enough to independently analyze the mortgage lending market, you can use the services of a mortgage broker. For a certain amount, a specialist will select the most profitable option depending on your capabilities and wishes.

If your budget is already limited, you should independently consider the banks’ offers and choose a suitable offer. By visiting bank branches or official websites of companies, you will familiarize yourself with the current lending conditions and be able to choose profitable ones.

Use our Mortgage Selection service to quickly find the best deal on the market.

When trying to get a mortgage, the procedure is as follows:

• decide on the loan object (an apartment in a new building, on the secondary market, a room, a share, an individual house, a plot of land, a townhouse, etc.),
• find out if the bank has special offers (for young families, state support, etc.),
• determine the value of the property: calculate the amount of the down payment and loan,
• request your credit history information from the credit bureau,
• Check with the bank the requirements for borrowers regarding marital status, income, etc.
• decide on the loan term and type of payments depending on solvency.

You should answer each question step by step to avoid mistakes and unexpected expenses.

Selecting special programs in the bank

For certain categories of the population, banks offer preferential rates:

• military mortgage (the state transfers funds to the individual account of a serviceman to accumulate a down payment, and when applying for a loan, pays the debt),
• mortgage loans to young families (reduced interest rates for spouses under 35 years of age),
• mortgage with maternity capital (to support families with two or more children),
• mortgage loans for “salary” clients (a reduced rate is offered for clients receiving salaries into a bank account).

What else should you pay attention to when choosing a bank? If you need to pay additional fees:

• commission for maintaining or opening a current account (if any),
• the amount of insurance (borrower insurance, title insurance, real estate insurance - depends on the tariffs of the insurance company with which the bank cooperates),
• the cost of producing a report on the market value of real estate.

Applying for a loan

When you have decided on a banking program and are sure that you meet its requirements, you can safely apply for a loan. To purchase an apartment with a mortgage, you must submit the following documents to the bank:

• passport of a citizen of the Russian Federation of all participants in the transaction (borrower, co-borrower (spouse), guarantors, if any),
• documents on marital status,
• documents confirming income,
• certificates, schedules, documents on current obligations (about payment of alimony, existing loans, etc.).

The package of documents may differ depending on the requirements of the bank. You may also need SNILS, an insurance policy, education documents, a driver's license, etc. When submitting documents, you must fill out a form and application. It is advisable to indicate the most accurate and truthful information - this will help increase the chances of approval of the application.

You will learn what documents are needed for a mortgage in this article.

After 1-5 days, the credit officer will inform the bank about the bank’s decision and inform you of the maximum possible amount to be disbursed, the approved rate and payment schedule.

If the application is approved (the decision is valid for 2-6 months), it’s time to start looking for a suitable apartment.

Selecting an object for a mortgage loan

When purchasing real estate in a building under construction, you should consider options only in houses accredited by a bank. This will simplify the mortgage transaction procedure as much as possible and protect you from scammers. The money will be transferred directly to the bank account of the developer or contractor, and the right to claim the apartment will pass to you.

Documents on the object for submission to the bank:

• preliminary purchase and sale agreement (agreement of intent, investment agreement, etc.) concluded with the developer,
• documents confirming payment of the down payment (receipt, cash receipt) from the developer.

Thus, the package of real estate documents is minimal, but at the same time, purchasing square meters on the primary market is associated with risks - bankruptcy of the developer, missed deadlines, etc.

In the case of purchasing an apartment on the secondary housing market, the package of documents is much wider and may differ in each specific situation. So, you need to collect:

• title documents (certificate of state registration of property rights, purchase and sale agreement (or donation, division of property, etc.),
• copies of sellers' passports,
• copy of personal account,
• technical, cadastral passport,
• extract from the Unified State Register.

They may also request:

• documents confirming the legal and legal capacity of sellers (certificates from dispensaries),
• certificates of absence of debts for utility bills, property taxes,
• other documents.

If real estate is purchased with a land plot, the list for the application is supplemented with documents on land ownership and the boundaries of the land plot.

After preliminary approval of the application, a market valuation report must be ordered and insurance policies must be provided.

Concluding a loan agreement and issuing a loan

When the bank has made a positive decision on the mortgage application, the most exciting and crucial moment begins - concluding a loan agreement and issuing loan funds.

Until now, banking institutions have two schemes for issuing loans: after state registration of the transaction and using a safe deposit box.

In the first case, the calculation algorithm is as follows: on the day of concluding the loan and security agreements, all buyers and sellers endorse the real estate purchase and sale agreement.

On the same day, the borrower transfers the amount of the down payment to the owner of the apartment in cash or by transfer to the seller’s account, and a receipt for receipt of funds is drawn up.

Next, all documents are transferred to the Registration Authority and within 5 working days the owner of the apartment changes. For final settlement, the certificate is handed over to the bank employee, on the basis of which the amount of credit funds is credited to the borrower's account and then transferred to the seller. Confirmation of receipt of the amount and final settlement is the second receipt.

How does a mortgage transaction work using a safe deposit box?

When renting a cell, credit funds are issued on the day the loan documentation is signed.

The amount of the down payment and loan funds is placed in a cell in the presence of a loan officer, borrowers and sellers and remains there until the state registration of the transaction.

After submitting the certificate for the apartment to the bank, the cell is opened in the same composition, the money is transferred to the seller with a written receipt.

Registration of a transaction

In order for the transaction to be carried out with the registration authority (Justice, Rosreestr, etc.), you need to submit an application to sellers and buyers indicating personal data.

The application must be accompanied by title documents, copies of passports, and a receipt for payment of the state fee.

If the seller's property is a joint property, the spouse's consent to the alienation of the property will also need to be drawn up by a notary.

Registration of transactions with encumbrances will require 5 working days, while ordinary transactions for the purchase and sale of real estate are registered within 30 days.

Features of mortgage programs

• Purchasing real estate on the secondary housing market

Since this segment is most in demand, the chance of encountering scammers is the greatest - the apartment may be mortgaged, illegally alienated, etc. If you doubt the legality of the sellers’ actions, we recommend taking out title insurance - this will protect you from losing your home in the event declaring the transaction invalid.

In addition, the finished housing must meet the bank's requirements. For example, it will not be possible to buy an apartment on the 1st floor with a balcony built on the ground - such redevelopment is very difficult to legalize. The same applies to other redevelopments - displacement of wet spots, demolition of load-bearing structures, etc. As a result, the bank will not miss such a loan application.

There are other requirements for the object of collateral (each bank has its own): the housing should not be dilapidated, be in disrepair, should not have wooden floors (in multi-storey buildings), the distance from the city should not be more than 30-50 km, etc.

• Buying real estate in a new building

Purchasing real estate in a house under construction certainly involves risk, since often the borrower becomes the owner of the square meters even before they are built. This promises the possibility of poor-quality construction of walls, ceilings, floors, as well as poor repairs and finishing.

In addition, as mentioned above, there is a risk of bankruptcy of the developer, which will lead to the fact that the houses will not be built at all. To protect themselves from illiquid property, banks require a guarantee from 1-2 individuals.

It is also worth noting that the borrower has the right of claim for the entire construction period; he acquires ownership rights only after the house is commissioned and recognized as residential.

• Purchasing a share, a room

Purchasing a share or a separate room in an apartment is possible with the help of a mortgage loan only if, after the loan is issued, the entire property will belong to the borrower (in other words, there must be a redemption of the last share). We have already described how a mortgage is issued for a room and a share.

• Buying a house and land

An individual house on a plot of land or a townhouse are considered less liquid housing, so banks are reluctant to issue loans - the rate for this type of lending is higher. How to buy a house with a mortgage step by step is described in a separate post.

You can get acquainted with the design of special programs: “Military Mortgage”, “Young Family Mortgage” and “Maternity Capital Mortgage” in special posts on this topic.

Source: https://ipotekaved.ru/v-rossii/etapy-ipotechnaya-sdelka.html

What documents on mortgage real estate does the bank need?

In order for a financial institution to agree to finance the purchase of a house (apartment) chosen by a previously approved borrower, the bank will need the following documents for a residential property:

• about ownership
  . If the property owner owned it before the summer of 2016, a copy of the certificate of ownership is required. If ownership arose later, an extract from the Unified State Register of Real Estate (from July 15, 2016, the issuance of real estate certificates was canceled in the Russian Federation). Remember that the validity of the ERGN statement is one month;
• on the basis for the emergence of the seller’s property rights
  . It is necessary to document the legality of the seller's ownership of real estate (i.e., based on construction, purchase, inheritance, rent or gift);
• about the results of housing assessment
  . An independent appraiser is hired to draw up a report on the property (the selection of the appraiser is agreed upon with the bank). Please note that the relevance of the appraisal report for a house or apartment does not exceed 6 months;
• about those registered
  in housing (house register - extract). Please note that the validity period of an extract for residential real estate (house, apartment) issued by the MFC is 30 days;
• on the consent of the seller’s spouse
  to sell the home. Consent is not required if the property was purchased before marriage, was inherited by one spouse or given to him, or belongs to only one spouse under a marriage contract;
• about cadastral information
  on real estate. This data is contained in the cadastral passport or technical plan of a residential property. An extract from the technical plan of the house with an explication and floor plan is accepted. If there is a land plot, its cadastral plan is required.

Also, if the mortgagor’s spouse is not indicated in the documents as the owner, notarized consent

to transfer the purchased mortgaged housing to a bank collateral, since the purchase of housing takes place during marriage (joint ownership).
Only if there is a marriage contract
with the spouse of the mortgagor, there is no need to notarize consent, as well as to receive it.

What is needed to use maternity capital

In accordance with the “Mortgage plus maternity capital” program, it allows you to use a certificate of maternity capital for full or partial repayment of the loan. To use this opportunity and participate in the program, you must have and provide the following application documents:

• A copy of the certificate for maternity/family capital;
• A certificate or extract from the Pension Fund about the balance of funds in the account under the certificate. The certificate can be submitted after the loan application is approved, within 90 days.

Please note that the lists of required documents may change in accordance with changes in bank policy. Therefore, any actions must be confirmed through consultations on the website or at a bank branch.

Use the mortgage calculator on our website.
Sberbank, rates from 09/02/2020

Submit your application and documents at the bank office

Documents for rural mortgages for shared construction

Lending by a bank for the construction of a real estate property (townhouse, apartment) under a DDU agreement is permitted upon the provision by the borrower of the following documents:

• confirming the right
  company to carry out construction.
  These are copies of the charter certified by the developer’s seal, certificates of OGRN, ERGUL and TIN, licenses and permits
  for construction work (the full documentary list is specified in the bank);
• confirming the right to lease or own
  the construction site. Such documents will be a certificate of land ownership, or a long-term lease agreement;
• EGRN-extract for a construction land plot
  (valid for a month);
• building permit
  for an apartment building (also townhouse);
• project declaration
  of a real estate object;
• draft participation agreement
  for credit transactions for a shared construction project. If the DDU contains the borrower’s obligation to transfer the amount credited by the bank to the developer to ensure the future conclusion of the main agreement, the bank will refuse the loan.

If the relationship with the spouse of the mortgagor is not formalized by a marriage contract - certified notarized consent of the spouse to transfer the property purchased with loan funds as a mortgage.

List of required documents

Submitting documents to Sberbank is conditionally divided into two stages:

First stage

Submitting an application.

Not all clients who contact the bank receive a positive decision. Approval of the application largely depends on the package of documents that were provided. The financial institution establishes a mandatory list of papers required to submit an application .

It includes:

1. Application form - it contains all the data of the borrower, his spouse, information about his employment, financial condition (income and current expenses), credit history, parameters of the desired loan (amount, term, interest rate), type of mortgage program. It is filled out only by the client and certified with his signature.
2. Original civil passport . The bank representative makes a photocopy of all pages and returns it to the client.
3. Second document confirming the client’s identity (passport, driver’s license, military ID).

If the client is officially married, then his spouse also provides his documents. In the case of attracting income from co-borrowers, a similar package of documents is required from them.

If the loan is issued under the “Young Family” program, then you must also provide a certificate of marriage and birth of children.

Based on the documents provided, a preliminary decision on the application is made. First of all, the credit history of the potential borrower is checked. If he previously had arrears in other financial institutions, the bank will immediately refuse lending. There is no point in taking a certificate of income and preparing papers for real estate.

Second phase

If the first stage of verification is successfully completed, you can begin collecting documents on your financial status and employment:

1. Certificate of income in form 2-NDFL. The security service will examine this document almost under a microscope. There are many scammers who will give you any information for a fee. This document must contain the following information:
   Full name of the employee;
2. employee's position;
3. full name of the employer;
4. employee address;
5. date of employment;
6. type of employment (full or part-time);
7. amount of accrued wages;
8. all mandatory deductions and alimony (if any);
9. the amount of income actually received. (The certificate has an originating number and date of issue. It must be certified by the head and director of the enterprise. A “wet” stamp is placed on the certificate. It is valid for two weeks.)
10. A copy of all pages of the work book. The HR representative assures her.
11. Documents confirming the presence of an additional source of income. For example, a real estate rental agreement, income from part-time work.
12. Certificate for receiving maternity capital (if available).

Based on the documents provided, the bank determines the client’s solvency and calculates the maximum possible loan amount.

This takes into account not only income, but also the costs of maintaining minor children and paying off existing loans. According to Sberbank standards, the payment on a new loan should not exceed 50% of the client’s net income.

If the client is satisfied with the proposed loan terms, then you can begin choosing real estate.

The final decision on the application is made after the documents for the purchased housing are submitted to the bank:

• Independent expert assessment. Based on this, the maximum credit limit is calculated. You can only get an assessment from accredited companies. A list of them is provided by bank employees.
• Title documents for property: purchase and sale agreement, gift agreement.
• A copy of the seller's passport .
• Certificates from the housing office confirming that there are no debts on utility bills.
• An extract from the house register confirming that no one is registered in the apartment.

It should be noted that these papers must be prepared as much as possible before the transaction, since they are valid for two weeks.

The title documents must be reviewed by the bank's lawyers to ensure the legality of the future transaction.

After the bank has made a final decision, the mortgage is granted. The client signs the loan documentation, and then a transaction is carried out with a notary for the purchase and sale of real estate.

After the borrower has registered his rights as an owner in Rosreestr, a mortgage agreement is drawn up and a seizure is imposed. Until the loan is repaid in full, the client cannot sell the property or donate it. You can carry out redevelopment or register other people in it only with the consent of the bank.

What documents will the bank require to build a house with a rural mortgage?

When providing a mortgage loan, the bank primarily strives to protect its funds. Therefore, the task of the bank’s credit department is to closely study the conditions for the construction of housing that the borrower intends to build.

Bank employees serving the approved borrower will state the need for the following documents for individual construction:

• certificate of state registration of the owner’s right
  to a plot of land for individual housing construction;
• documentary basis of ownership
  of land for individual housing construction (purchase, rent, donation, etc.);
• EGRN-extract for a land plot
  for residential development (valid for one month);
• cadastral passport of the plot of land
  where the house is being built;
• individual housing construction estimate
  prepared by the developer hired by the borrower (certified by the developer’s seal), or by the borrower himself;
• permission for
  housing construction from the local government on this land plot. If a rural mortgage is taken out for the purchase and construction of a residential cottage, but construction has not yet begun, then construction permission should be provided to the bank within 12 months from the issuance of the loan;
• contract
  for individual housing construction. Required if construction will be carried out by a contractor.

Preparatory stage

Before you start selecting a bank for a mortgage, collecting documents and engaging in other activities directly related to obtaining a mortgage loan, you must select an apartment or other real estate property that you want to purchase and obtain the prior consent of the apartment seller.

If we are talking about a mortgage for a new building, then everything is a little simpler. Typically, each house under construction is financed by a maximum of 2-3 banks that have an agreement with the contractor and the choice of mortgage programs is not very large, and the procedure for appraising an apartment and other preparatory procedures are greatly simplified and shortened.

If the borrower wants to buy a secondary property with a mortgage, the procedure is a little more complicated. As a rule, the need of an apartment buyer can be expressed approximately in the following sentence: “I want to buy a two-room apartment, not on the first or last floor, near the Elektrozavodskaya metro station.” If you come to the bank with this wording, you will be sent to look for a specific object. Usually a real estate agency does this for the client, but if you do it yourself, you will first have to look at several options, choose the most suitable one, reach a preliminary agreement with the seller, and therefore go to the bank and discuss the conditions for obtaining a loan.

Obtaining a mortgage consists of 8 main stages:

1. Selection of one or more mortgage programs in various banks, which is preceded by a thorough analysis of loan programs currently existing on the market. It is necessary to pay great attention to this stage and take the time to calculate the full cost of the loan in each case. It is also necessary to take into account such seemingly insignificant parameters as the convenience of making loan payments and all kinds of small fees (for example, for SMS notifications). If you are not sure that you can correctly assess all loan terms, then it is better to contact a credit broker.

2. Documents need to be collected

required by the bank. This is the most labor-intensive process and can take a long time.

A classic set of documents looks like this:

• application form requesting a loan;
• a photocopy of the passport of the applicant or applicants, if there are several of them;
• a set of documentation certifying ownership of the object, which is provided as collateral, as well as an assessment of its value (certificate from the BTI, extract from the house register, registration certificate of the premises, extract from the Unified Register of Rights on Restrictions);
• a photocopy of the work record of the applicant(s);
• certificate 2-NDFL.

Some banks may additionally ask:

• driver's license;
• international passport with recent border crossing stamps;
• SNILS and health insurance;
• certificate of marriage;
• children's birth certificates;
• education diplomas;
• TIN;
• for men - military ID.

3. The next stage is the bank’s decision to issue a loan.

A mortgage application is usually processed for at least a week. The loan amount is not small and all provided data is personally checked by bank credit experts and is additionally subjected to scoring (automated data analysis that allows you to calculate your credit rating). The bank will decide whether to issue a loan based on your ability to repay. If the loan is approved, you will be provided with an official notification with the specified loan amount. After receiving the notification, you will have a certain period (usually 1-6 months) necessary to make your final decision and sign the loan agreement.

4. Having received confirmation that you will be provided with the required amount of money, you can safely contact the real estate seller. It's time to enter into a purchase and sale agreement.

5. Making a down payment.

It all depends on the chosen loan scheme and your capabilities. The contribution can range from 10 to 80% of the purchase price; regular programs offer 10-50%. But there are also lending programs that offer a mortgage without a down payment.

6. Risk insurance.

Regardless of the lending program, the purchased property is subject to insurance against damage (fire, flood, destruction, etc.). Most banks also insist on insurance against fraud associated with the sale of one premises to several people, as well as life insurance for borrowers. You can also find offers where insurance is not required, but payments for this type of loan will be more expensive, since the bank will include possible risks in the cost of the loan.

7. Signing an agreement with the bank.

When all the main issues have been resolved, you can move on to the main stage - concluding the mortgage agreement itself and drawing up a collateral agreement in favor of the bank. After signing the contract, the money will be transferred to the seller, and it will be possible to register the purchase and sale transaction with government agencies. Now the premises belong to you, but you cannot carry out a number of transactions related to its sale, exchange or rental without the consent of the lender. These restrictions will remain in effect until the mortgage debt is paid in full.

8. Timely payment.

A mortgage is a fairly long-term loan, the term of which can reach tens of years, and it is very important to be prepared to pay monthly payments on this obligation on time. In case of delay, your payment will be increased by the amount of the penalty established by the loan agreement.

Over time, it may be possible to get a loan on more favorable terms, then you will be able to refinance your mortgage by paying it off with a new loan.

A selection of profitable offers:

• Consumer loan in cash from Sovcombank

  Online application from 13.5 to 13.9% from 20,000 to 120,000 rubles from 1 to 5 years

• Cash loan from the Bank of Moscow

  Online application from 17.5% to RUB 3,000,000 from 0.5 to 3 years

• Cash loan at Raiffeisenbank

  Online application from 20.5% to 23.5% from 90,000 to 750,000 rubles from 1 to 5 years

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Rural mortgage insurance conditions

The first document drawn up between the bank and the borrower before receiving loan funds for a rural mortgage will be an insurance agreement. Moreover, it is the format of mortgage insurance that determines the terms of the main mortgage agreement.

The borrower is obliged to insure the real estate that serves as mortgage collateral (Article 31 of Law No. 102-FZ “On Mortgage”). With regard to the other two types of insurance - the life of the borrower and the legal title - the bank itself will insist on their obligatory nature. The borrower has the right to refuse to insure life and title, but then the bank will agree to provide a loan only at a higher rate (about 7-9%).

The borrower must obtain title and life insurance from the financial institution with which the rural mortgage is being discussed - this condition is included in their mortgage agreement.
However, the recipient of the mortgage will be able to renew the insurance (take out a cheaper policy) from another insurer accredited by the bank after one year. To quickly and correctly prepare documents for a rural mortgage, to select country real estate that meets the bank’s requirements, to negotiate with the bank’s credit department and the seller of a house from a rural agglomeration, contact the specialists of our association. They will help you sort out the volume of mortgage issues and achieve transaction terms that are beneficial to you personally!